Citadines Fusionopolis Singapore. (Photo: JTC)
Serviced residence owner-operator The Ascott Limited has secured a serviced apartment at one-north business park through a lease awarded by JTC Corporation. The 50-unit property is currently operating and will be rebranded to Citadines Fusionopolis Singapore from 1 April 2016.
“With its choice location within the Fusionopolis, and its spacious loft apartments that appeal to expatriates on long stay, we are confident that Citadines Fusionopolis Singapore will further strengthen Ascott’s business in Singapore,” said Anthony Khoo, Ascott’s Head of Singapore Cluster.
The units feature high ceilings, separate living and dining areas, a kitchen and bedroom. The serviced residence is located within the 30ha Fusionopolis precinct of one-north business park, Singapore’s R&D hub that is home to over 400 companies.
It is also close to Star Vista shopping mall, National University Hospital, Singapore Polytechnic, and the one-north MRT station.
Following the opening of Citadines Fusionopolis, the 220-unit Ascott Orchard Singapore is expected to welcome guests in early-2017.
Situated within the Orchard Road shopping belt, the prime serviced residence is within proximity to the Orchard and Somerset MRT stations. It will be directly linked to Paragon shopping mall via a covered link-bridge and forms part of CapitaLand’s latest integrated development.
With the opening of Citadines Fusionopolis and Ascott Orchard, the company will have more than 1,000 units in Singapore, making it one of the largest serviced residence operators here, shared Khoo.
He added that the city-state is one of Ascott’s best performing markets after China, France and the UK. Its local properties have been achieving strong occupancy of above 80 percent.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
